Homeownership, mobility, and unemployment: Evidence from housing privatization

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F68378025%3A_____%2F20%3A00538688" target="_blank" >RIV/68378025:_____/20:00538688 - isvavai.cz</a>

Nalezeny alternativní kódy

RIV/62156489:43110/20:43918244 RIV/00216208:11210/20:10417108 RIV/00216208:11220/20:10417108

Výsledek na webu

<a href="https://www.sciencedirect.com/science/article/pii/S1051137720300644?via%3Dihub" target="_blank" >https://www.sciencedirect.com/science/article/pii/S1051137720300644?via%3Dihub</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.1016/j.jhe.2020.101728" target="_blank" >10.1016/j.jhe.2020.101728</a>

Jazyk výsledku

angličtina

Název v původním jazyce

Homeownership, mobility, and unemployment: Evidence from housing privatization

Popis výsledku v původním jazyce

Homeownership is believed to cause higher unemployment. This is because homeowners face higher mobility costs that limit their job search to local labor markets. Empirical tests of this prediction have yielded mixed results so far, possibly due to the endogeneity of homeownership. This paper proposes that the privatization of public housing in Central and Eastern Europe after the fall of the Iron Curtain was a substantial policy shock that generated largely exogenous assignment of homeownership to individual households. This facilitates a new test of the effects of homeownership on mobility and unemployment: First, our empirical results do not reject that homeownership reduces mobility. Second, our results are inconsistent with homeownership increasing unemployment.

Název v anglickém jazyce

Homeownership, mobility, and unemployment: Evidence from housing privatization

Popis výsledku anglicky

Homeownership is believed to cause higher unemployment. This is because homeowners face higher mobility costs that limit their job search to local labor markets. Empirical tests of this prediction have yielded mixed results so far, possibly due to the endogeneity of homeownership. This paper proposes that the privatization of public housing in Central and Eastern Europe after the fall of the Iron Curtain was a substantial policy shock that generated largely exogenous assignment of homeownership to individual households. This facilitates a new test of the effects of homeownership on mobility and unemployment: First, our empirical results do not reject that homeownership reduces mobility. Second, our results are inconsistent with homeownership increasing unemployment.

Druh

J_imp - Článek v periodiku v databázi Web of Science

CEP obor

—

OECD FORD obor

50202 - Applied Economics, Econometrics

Projekt

<a href="/cs/project/GA15-17810S" target="_blank" >GA15-17810S: Po oponě: empirické studie migrace v tranzitivních ekonomikách</a><br>

Návaznosti

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2020

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název periodika

Journal of Housing Economics

ISSN

1051-1377

e-ISSN

—

Svazek periodika

50

Číslo periodika v rámci svazku

December

Stát vydavatele periodika

US - Spojené státy americké

Počet stran výsledku

18

Strana od-do

1-18

Kód UT WoS článku

000592363700009

EID výsledku v databázi Scopus

2-s2.0-85089408902